Choate Investment Advisors Purchases New Shares in Comfort Systems USA, Inc. (NYSE:FIX)

Choate Investment Advisors purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 883 shares of the construction company’s stock, valued at approximately $281,000.

A number of other hedge funds also recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in shares of Comfort Systems USA in the first quarter valued at $25,000. Freedom Day Solutions LLC raised its stake in shares of Comfort Systems USA by 1.2% in the first quarter. Freedom Day Solutions LLC now owns 8,552 shares of the construction company’s stock valued at $2,717,000 after acquiring an additional 98 shares during the period. State of Michigan Retirement System raised its stake in shares of Comfort Systems USA by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,700 shares of the construction company’s stock valued at $2,764,000 after acquiring an additional 100 shares during the period. HMS Capital Management LLC raised its stake in shares of Comfort Systems USA by 6.4% in the first quarter. HMS Capital Management LLC now owns 1,907 shares of the construction company’s stock valued at $606,000 after acquiring an additional 115 shares during the period. Finally, Byrne Asset Management LLC purchased a new stake in shares of Comfort Systems USA in the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 0.3 %

Shares of NYSE FIX traded up $0.89 during mid-day trading on Monday, reaching $322.71. The company had a trading volume of 276,454 shares, compared to its average volume of 402,556. The business’s 50-day moving average is $321.23 and its 200-day moving average is $286.85. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 32.00 and a beta of 1.15. Comfort Systems USA, Inc. has a 52 week low of $151.89 and a 52 week high of $352.45.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.43. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.51 earnings per share. Equities analysts expect that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were issued a $0.30 dividend. The ex-dividend date was Friday, May 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.37%. Comfort Systems USA’s dividend payout ratio is presently 11.88%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Vance W. Tang sold 3,473 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $310.00, for a total transaction of $1,076,630.00. Following the transaction, the director now owns 8,198 shares of the company’s stock, valued at approximately $2,541,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Comfort Systems USA news, Director Vance W. Tang sold 3,473 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $310.00, for a total transaction of $1,076,630.00. Following the transaction, the director now owns 8,198 shares of the company’s stock, valued at approximately $2,541,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darcy Anderson sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the transaction, the director now directly owns 40,241 shares in the company, valued at approximately $13,879,120.90. The disclosure for this sale can be found here. Insiders have sold a total of 7,961 shares of company stock worth $2,622,664 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.